The Oaks, Merryoak, Southampton... 1 bed flat for sale

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The Oaks, Merryoak, Southampton... 1 bed flat for sale

The Oaks, Merryoak, Southampton, Hampshire, SO19
£70,000

Price History

Initial price £80,000
30/01/25 £70,000
Price Change -12.50%

Description

This modern first-floor studio apartment is being offered as an investment opportunity only, with a current tenant in place paying £550 per month, generating a yield of 8.25%. Located in a quiet no-through road, the property is within walking distance of local shops and amenities, as well as Bitterne train station and the city centre. The apartment comes with the use of a residents' parking area and is leasehold with 80 years remaining on the lease. The annual ground rent is £90 and there is no ground rent increase or review period specified. This property presents a attractive investment opportunity for a buyer looking to generate a steady income with minimal upkeep.